Zhao Changpeng: Cryptocurrency trading volume will increase in the coming months, and Binance is making extensive preparations

2023-07-06 14:31:31

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ChainCatcher news, Binance founder Zhao Changpeng (CZ) stated in yesterday's Twitter Space that he expects cryptocurrency trading volumes to increase in the next 6 to 18 months, and Binance is making "a lot of preparations."

He mentioned that trading volumes have started to recover in recent weeks compared to the bleak period that began with the collapse of the FTX exchange in November last year. Several factors have contributed to the recent market upturn, including new applications for spot Bitcoin ETFs and the anticipated Bitcoin halving event expected in April or May 2024. According to historical patterns, Bitcoin has experienced a four-year bull market cycle, indicating that the next bull market may occur in 2025.

Additionally, he added that he remains optimistic about cryptocurrency in the long term. However, even if the bear market continues, Binance still has the "endurance" to persist. (source link)

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